Robbie Alderman Homes

07/23/2023

Been a while since I have shared an update and I figure there is not a better time than now as the Summer comes to a close and the Fed is anticipating another rate hike before the end of this year.

I've been working with more sellers this year and particularly this Summer, it has been really interesting to see the market "freeze" a couple times.

Yes, buyers are still buying and inventory is still low but for the second time now, it seems as rates go on a multi-week decline, buyers are trying to wait it out to see how far rates will go down. As someone who coached and specialized with first time home buyers for the first four years of my real estate career, I have advice regarding that strategy: DON'T.

I know an interest rate that starts with a 7 (or even a 6) is scary. But, there are options. Talk to your lender about a rate buy down and get the sellers to pay for it (many of them will right now). Consider refinancing a few months down the road when things do begin to improve (they will - and if they don't you'll be thankful you got locked in at 7% when it could've been 8-9%).

But what is going to happen (potentially this week as the FOMC meets) is rates will tick back up and all the buyers who have been sitting on their hands are going to panic and jump off the bench ready to buy and we will be in a multiple offer, competitive market again.

Take advantage of the opportunity to get in under list price or save some money on closing costs by asking the seller to pay. My broker said it best a few weeks ago: "It is not a buyer's market - but it is a BETTER market for buyers."

Take advantage and get out there and start making offers again!

Call me if you have any questions or if you are looking for homes in Franklin/Thompson's Station/Spring Hill as I have a few listings available right now.

"Data trends from the first half of the year suggest that those who are eager to buy, but are trying to wait out the market for a sharp decline in home prices and mortgage rates may miss out. The same goes for frustrated house hunters who are thinking of giving up their search."

Don't miss out!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

Time to take a breath. After what seemed like a whirlwind last month in markets, this week has been relatively calm. This calmness has brought some good news for homebuyers. Data released by Freddie Mac showed the average 30-year mortgage rates dropped by about 0.18% from last week. What’s next? A...

04/14/2023

Open House Saturday (4/15) from 1-3pm and Sunday (4/16) from 2-4pm! Come see this beautiful home in the desirable Copper Creek neighborhood in Goodlettsville!

Call or text me with any questions!
Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

08/24/2022

I have been dealing with a lot of great questions about market stability and volatility the past few weeks. Since the "shift" in early June, personally, I have seen much more activity amongst my buyers.

With interest rates higher (they're hovering around where they were at when Savannah and I bought our house in 2018 and our cash out refi last year cut that number in half), it seems as if buyers have also had enough of the "astronomical number over asking price" offers to compete with and have stood their ground.

Now that inventory is staying on the market for longer than thirty seconds, buyers are seeming more confident they have more negotiating power than they did three months ago (Not having to forego important and necessary contingencies like appraisal, home sale, inspections, etc.).

With that being said, don't wait around if you are looking for a home. Stay in touch with your loan officer AND your realtor. The important thing to remember about market volatility is that it is VOLATILE. It is changing every day.

If you have questions about the market or would like to go see homes today, please reach out to me. This is the time of year to do it so that you're in and settled into your beautiful new home by the holidays.

"If you are a potential homebuyer, one key thing to remember about volatile market times like this is that it’s more important than ever to keep in close touch with your Movement Mortgage loan officer. You take a risk by waiting around to see where the market will move before you lock in an interest rate. Make sure you are aware of all the possible outcomes before deciding to wait it out and hope that rates move down."

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

The minutes from the latest Federal Open Market Committee meeting pushed government bond yields lower over the last week as it was revealed FOMC members are in favor of a more “restrictive stance of policy.” The Fed instituted a second consecutive 75 basis point rate hike in July in its efforts ...

08/15/2022

I've been working with lenders from Movement Mortgage since starting in Real Estate over five years ago. They provide wonderful market updates and this is a wonderful update on the state of the market as we are halfway through Quarter 3 of this year.

One thing to note, while sellers are feeling more pessimistic about the market, it has been encouraging for many of the buyers I am working with who have felt abused by the high prices for the past year and a half that the market is shifting back to a more "balanced" state.

If you have any questions, please don't hesitate to reach out to me. And remember, I am never too busy for your referrals!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

Inflation data shook up the markets in the second week of August—only this time the numbers appeared to be softening. The Labor Department’s producer price index (PPI) showed the cost of wholesale goods fell by 0.5% in July. That’s the first time in two years the PPI saw a month-over-month dec...

06/08/2022

Here's a little market update for you all! May was still a great month but so far, 8 days into June, the market appears to FINALLY be slowing down a little bit.

For buyer's this is great news! And while the interest rates are a bummer compared to what they were this time last year, they have balanced back out to where they were four years ago. Interest rates are constantly moving so just remember, buy when you're ready and then refinance when the rates drop. Don't wait to buy until the rates drop.

For sellers? Take a look at the numbers below! The median price is still $300,000 over where it was last year! So even though it may be on the market for a bit longer than you'd be hoping for a month ago, you're still going to receive a huge payout.

Call me with any questions or needs! I am never too busy for your referrals!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

04/13/2022

What about this rental market??

Friends, just like everything else, the cost of rent is drastically increasing. Unless you know you are only going to be here in Middle Tennessee for short term stint or if you just moved here and are scouting out what parts of town you'd like to be in, it does not make sense to be renting right now.

Purchasing real estate here can be difficult but as soon as you close, you will see an immediate return on investment where as with renting you are dumping money into an abyss every month.

I was talking to a friend and client last Friday who closed on his house last October and last month alone, their home value increased $10,000 (estimated). You will not see that type of return on your investment in any other financial market.

If you have questions about getting pre approved or buying a home for the first time, please contact me. I have a strong network of lenders I work with who offer great first time home buyer programs and we can answer any questions you have about credit issues, down payment, closing costs, and any other inquiries you may have.

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

Rental prices for homes jumped to an all-time high.

04/08/2022

CLOSING DAY!!

I have known Lauren for seven and a half years. She was one of the first people I met in Nashville and one of my first friends. We quickly bonded over our Lifeway connections, our passion for the Church and ministry, and our extraverted, high-energy personalities. She was my “sister” before I had the blessing of having three sister-in-laws.

Last week, she closed on her FIRST HOME! A beautiful new build that she waited patiently on for 9 months before she could move in. Really, she waited patiently for seven years and still trusted me to represent her through the process when the she was ready.

I love working with all of my friends and clients but this one was special for a particular reason and I want to encourage my friends who are agents with this:

Don’t give up on people who are “taking their time.” Keep answering their questions. Keep going to lunch with them (and buying their lunch). Attend their kid’s soccer games. You never know when they will truly be ready but invest in that friendship enough so that when they are, it is not a question as to who they’re going to call. Lauren moved to Texas and back before we even had a conversation about her buying real estate in Tennessee. Keep working hard and don’t lose hope. The ones you invest the most time in are the most rewarding when they receive their keys.

And for my friends who are not agents, if you are considering purchasing real estate in the Nashville area, please consider using me to represent you. This market is hard. Interest rates are climbing. Supply is low and demand is high. Offers must be competitive. And in real estate, sometimes competitive can be synonymous with terrifying and not possible. But I will help you. Even if it is just to answer questions that you might think are crazy, I would love to represent you. I will fight for you in a market where a lot of people are just trying to make a paycheck.

And please remember, I am NEVER too busy for your referrals!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

03/23/2022

As we finish Quarter 1, we have seen home prices continue to trend upwards. April is historically the best month to list because it beats the Summer selling rush but also more buyers have come out of Winter hibernation.

I've heard a lot of discouraged buyers lately. Don't be discouraged. Find a good realtor. Get pre approved. And remember that while the market may seem "un-affordable" now, prices are going to continue to move up along with interest rates.

I have a couple of great lenders I work with and I would love to represent you through the process. Give me a call today!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

02/17/2022

If you are looking for homes in the Nashville area, check out this quick video about my story and how my unique skillset can help you find the best home for your family!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

Robbie Alderman615.569.5290Robbie@NashvilleRG.com-------------------------------------------Nashville Realty Group®6550 Carothers Pkwy Suite 110Franklin, TN ...

02/17/2022

Looking to move to the Nashville area? Check out a quick video about my story and why my unique skillset can help you find the best home for your family!

Robbie Alderman - REALTOR
Nashville Realty Group
C: (615) 569-5290
O: (615) 261-8116
[email protected]

10/07/2021

Closing day will never get old. It was such a joy to work with these two with the sale of their old home and purchase of their new home! Noah and Karley, you guys are rockstar clients. Thanks for being patient with the process. I hope this home is everything you dreamed it would be for your first home together.

Please call me or text me if you have any real estate questions! Thanksgiving and Christmas is a great time to be selling or buying real estate!

Robbie Alderman
REALTOR
615-569-5290
Nashville Realty Group
615-261-8116
[email protected]

08/28/2021

My mother-in-law recently shared a wonderful article about the current national housing market and whether or not we are doomed for another burst in coming months/years. The article was authored by Bill Spitz, the Principal at Diversified Trust, a large wealth management firm with offices here in Nashville and scattered throughout the southeast.

I have included a link to the article but also figured I would share some key points from it as well in case you don't have the time to read the article today.

First of all, let me set your mind at ease right off the bat. Bill believes that recent and current trends in the housing market do justify the questions and concern for a bubble burst; however, there is much evidence of supply and demand and financial strength on a national level which are large signs of continued market health.

Here's the good news and some stats the article points toward:

1. The national average price is about 30% above the 2006 housing boom peak. For longer term perspective, housing prices increased at an average annual rate of 5% over the past fifty years.
2. Prices in Nashville, where Diversified Trust has a large office, have risen between 15% and 20% over the past year, which moderately exceeds the national average.
3. Another reason the market has been so hot is because of the number of corporate home renting companies buying up single family dwellings in mass.

One bit of caution regarding this market, and I have pointed this out to many of the buyers I have been working with, existing home sales fell for the fourth straight month in May of this year, which could suggest that high prices are beginning to dampen enthusiasm on the part of buyers. I personally believe that prices will ramp up again this Fall.

Please call me if you have any questions about real estate!

Robbie Alderman
REALTOR
615-569-5290
Nashville Realty Group
615-261-8116
[email protected]